[2015-05-10] CTUK: CoinMate.io Makes Crypto Friendly UK It’s Base

[CoinTelegraph UK]

CoinMate is the latest and most innovative Bitcoin exchange to register and launch in the United Kingdom after a successful beta trial from November of 2014 in the Czech Republic. This may be a new company but the guys behind this operation have had very successful past experiences in the industry and you could call them old hands.

The company team of five consists of two founders, two developers and a customer representative coming from various backgrounds such as top-notch financiers, traders and developers. CoinMate is just one of two complimentary platforms this group of individuals are involved in.

The co-founders Roman and Daniel have been involved in the digital currency space from nearly the beginning, starting of as miners and early investors they are step by step moving deeper into the industry.

They already have a regulated company in the Czech Republic for financial services and have plenty of experience in the payment services industry having previously developed a payment system platform for the traditional finance sector.

What has drawn them to establish a company in the United Kingdom is that the UK has always been seen as a financial hub in Europe and has been the most pro-active country in the world in regards to setting guidelines for the crypto industry in areas like VAT where transactions have been officially declared exempt from Value Added Tax and a regulatory framework is in the process.


http://cointelegraph.uk/news/114204/coinmateio-bitcoin-trading-made-simple-makes-crypto-friendly-uk-its-base

[jdebunt]

An interesting development in the UK to say the least. Glad to see things are slowly turning around there!

[indiemax]

UK banks are NOT crypto friendly, I wish articles would stop giving this impression

[CoinTelegraph UK]

Hi indiemax if you click the link to the rest of article it states that the UK banks are not crypto friendly...

I reached out to one of the co-founders Roman for his take on this exciting new exchange and their future plans and here is what he had to say:

“We are hoping to find a UK bank that would open accounts to a Bitcoin exchange. We have not been successful so far but I hope we will eventually become one of the first exchanges to offer Pound Sterling domestic transfers. In the meantime, we are working on introducing instant Euro bank transfers and international cash deposits. And with our next release in June we will also present our “Quick Buy/Sell” interface that will allow you to simply enter amount, get a quote and buy or sell instantly for previously confirmed price.”

[Lethn]

UK banks are NOT crypto friendly, I wish articles would stop giving this impression

Yeah, take it from people who actually live there.

[crazyearner]

Nice to say the least, however very misleading. It is nice to see more people using Bitcoin in the UK and more places that accept it and use it for business the better. Id like to see the UK be the central go place for Bitcoin but would indeed take some serious business and people power to get it more mainstream and adopted. More places are beginning to start using am sure in next 2 to 3 years will see some big improvements if it continues to go in this direction.